I'm Walkin On Sunshine Woh! Oh!
Here I am, breaking the rules of internet etiquette again.
My call for a bailouts in the first quarter of 2011, didn't come true. Sure, there are bailouts, we have POMO, we have the banks shimmed between the taxpayers and the Fed, skimming $billions in profits from gov debt, for doing nothing. these days, Welfare Queens don't drive Cadillacs. They drive high end Ferrari's, collect yachts and live in spacious Manhattan Penthouses.
but i was looking for something public. We didn't get that.
This time last year, I expect that that gasoline prices would rise in the fall. I was wrong. But they are certainly high now.
Mike Ruppert thinks the crash I was predicting, is coming by July.
We always have recessions following oil and gasoline price spikes. These price spikes drive up the cost of everything in the supply chains.
Earlier I was forecasting my impressions of where things were going and when. I got those wrong. But when it comes to major downturns after energy price spikes, that's a certainty. Mike may be right about July. i find it difficult to believe that the global economy can pay for ever increasing fuel prices into summer. Gasoline prices may hit $6/gal in parts of the USA, but I don't believe it will make it to $10/gal. We'll crash before that happens.
And now for a dedication to Henry Paulson, Timothy Geithner and Ben Bernanke.